Commonwealth's Master Equipment Leasing Program (Virginia)

From Open Energy Information

Summary

Last modified on February 12, 2015.

Financial Incentive Program

Place Virginia


Name Commonwealth's Master Equipment Leasing Program
Incentive Type Leasing Program
Applicable Sector Institutional, State Government
Eligible Technologies Energy Storage, Unspecified technologies
Active Incentive Yes
Implementing Sector State/Territory
Energy Category Energy Efficiency Incentive Programs, Renewable Energy Incentive Programs














Program Administrator Virginia Department of Treasury
Website http://www.trs.virginia.gov/debt/Tboard.aspx


References DSIRE[1]


Summary

The Master Equipment Leasing Program (MELP) ensures that all Commonwealth agencies, authorities and institutions obtain consistent and competitive credit terms for financing equipment and energy efficiency projects. Agencies can finance energy projects at a minimum of $10,000 and can make repayments over 3, 5, 7 and 10 year terms.

Qualifying Energy Projects Energy efficiency projects may include personal property, the installation or modification of an installation in a building, professional management, and other special services which are primarily intended to reduce energy consumption and demand or allow the use of an alternative energy source. Personal property is defined as new or reconditioned tangible personal property that includes personal property to be affixed to realty and must be used for governmental purposes.

MELP financed energy projects with relevant energy efficient technology include lighting and motor efficiency upgrades, building envelope enhancements, distribution system improvements, energy management controls.

Visit the Commonwealth's Master Equipment Leasing Program online for more information.

<metadesc> Commonwealth's Master Equipment Leasing Program: energy incentive program. </metadesc>

Incentive Contact

Contact Name Debora Greene
Department Virginia Department of the Treasury
Address 101 North 14th Street
Place Richmond, Virginia
Zip/Postal Code 23219
Phone (804) 225-2142
Phone 2 (804) 371-6235
Fax (804) 225-3187
Email debora.greene@trs.virginia.gov
Website http://www.trs.virginia.gov/


Authorities (Please contact the if there are any file problems.)

Authority 1: Va. Code § 2.2-2417


















  • Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.[1]

References

  1. 1.0 1.1  "Database of State Incentives for Renewables and Efficiency (DSIRE)"